Most of the no brainer currency dilution plays are doing really well today.  BTC wants to be in that category but for now it still seems to be highly correlated to QQQ. The less obvious  assets where people have to think about whether currency dilution is going to inflate them or not aren't as strong right now. 

Looks like the only short META product is on the London Exchange.  Very liquid options market though. A put spread will achieve the same result...and less expensive (the tradeoff obviously is creating and executing the spread). 

After hours, off the charts comment. It's heartwarming to see CNN and MSNBC create new heroes for America's women with Stormy Daniels and her good friends constantly being interviewed.  Haters gonna hate about her looking for attention with the lawsuit. But I mean come on - a pornstar that craves attention at that kind of manic level to bring a lawsuit against a famous dude? Yeah right 

Haha - like I said yesterday....if you buy now, you'll probably pay later.

Someone I went to business school with pitched me on a Payday Loan business probably a decade ago. He had glossy pitch folders and everything. Completely legit proposal. I was like "ummm....NO. I'm not even a little bit interested."   Now society is creating financial products to sell to people so that they can put their monthly rent on installment payments. In the background, someone is pitching to someone that even if you build in a 40% default rate, it will still make money! Sickos. We have issues. 

Mostly a nothing burger.  Rick gives it a C- and says he's being generous.

Lol - when questioned he said he should probably have given it a D but he didn't want Steve's head to explode (Steve is king of positive spin to support the administration - he will spin armageddon as a positive econ event if it helps out the current administration)

On the desktop app, there is a button in the bottom right corner to access the calendar. That is a little more functional than accessing it via the web link I sent earlier. 

That's a tough question in a market being levitated by currency dilution. In general, a poor auction is one where yield closes above the ask coming into the auction (bond price closes below the bid coming in).  But there's a lot more to it that is mostly beyond me (I take Rick Santelli's grade for the most part...except the obvious part about the yield).

With asset prices rising primarily because the currency used to buy the assets is losing value, it makes the analysis even more difficult than it normally is. 

For TradingView peeps, there's also this to track news (and set alerts on news):   https://www.tradingview.com/economic-calendar/

Elon publicly said he wasn't going to vote for Biden multiple times now.  Doesn't seem like a brilliant move with a DOJ that is clearly willing to wield activist power...

Steveo - Which time frame are you looking to label? This is the 10m and the daily.

Classic late cycle asset class moves with some inflation panic mixed in. 

Haha. 2 out of the 3 paragraphs in this response were written by AI....correct?  My Dad does this all the time without editing it to eliminate the telltale signs.  He says it helps because his mind isn't as quick anymore :)

AFRM - buy now and you will probably pay later.

AMZN - I let them suck me into 0% interest payments on a couple of things recently. I figured turning it down was like turning down free money. They let me make 1 or 2 payments and then sent me a notice that I had to change my credit card settings to NOT pay off the entire balance every month in order to use the program. Lol. That's how they get you - get you to turn off the pesky pay it all every month option and then bet on the customer either forgetting to parcel out the payments or just pay the high rate on the 1 part of the balance in order to get the low rate on part.  I guess if you're having trouble growing....just start scamming! Why not? 

ETHE - Brian Shannon made a pretty good case for buying ETH here via ETHE with double tap of YTD anchored VWAP very recently.  He thinks that the current 23% discount will dissapear when ETH gets ETF approval....which is what happened with the GBTC discount with the approval of BTC ETF's. 

BROS might be my bros again...but last time I let them in they floated more shares. Grrr 

RDDT accelerating losses since going public. Up 20% on the "blowout earnings!". Of course. 2024. 

Sheesh. Looks like the typical CCP stock or index. I guess it's pretty close since they are so dependent on Gov these days.  That last big whack was when the mean ole Gov said they weren't going to reimburse them as high as they wanted (Gov reimbursement is the majority of their game). 

SPX - I left the cycle indicator in so you could see what I mean. It's like we're stuck in a very long wave 3 still (same if you analyze the MA ribbon).  Also have a rising wedge inside the channel. However, if you remember that last currency dilution frenzy, the market LOVED blowing right through rising wedges...often for many weeks at a time. 

SPX 15 min - I have been using the cycle indicator to help determine possible wave counts on all timeframes, with quite a bit of success.  But it gets blown out by money printing sometimes (any unnatural Gov stuff that blows it out).  We're in the middle of one of those now. It was tracking fine - moved through a sell cycle on May 3rd which I've learned to associate with a confirmed wave 3 (Thanks Matt).  Wave 4 kicked in that same day...but the money printing realization then kicked into the market and all hope of counting waves was lost...even the indicator hasn't printed since May 3rd - we're on like wave 10 at this point. They cycle indicator gave up when the currency started burning. Lol. 

I posted this chart last week when the top box was empty. Was projecting a simple measured move based on a double of the range (the range wasn't broken yet, but it looked likely after QE announcements). 

It's been a great short since posted!  Just seems risky with the high short interest and high visibility in the WSB world.